Details about Yoshiyasu Ono

Homepage:	http://www.iser.osaka-u.ac.jp/~ono/index.html
Workplace:	Institute of Social and Economic Research (ISER), Osaka University, (more information at EDIRC)

Access statistics for papers by Yoshiyasu Ono.

Last updated 2024-07-04. Update your information in the RePEc Author Service.

Short-id: pon22

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Working Papers

2024

1. Immigration and Secular Stagnation
   Working Papers, Florida International University, Department of Economics
   Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2019)
2. Insatiable Wealth Preference: Evidence from Japanese Household Survey
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)
   Also in Discussion Paper Series, Research Institute for Economics & Business Administration, Kobe University (2024) View citations (1)
3. Was Keynes right? A reconsideration of the effect of a protective tariff under stagnation
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
   Also in Working Papers, Florida International University, Department of Economics (2024)

2023

4. Accounting for the slowdown in output growth after the Great Recession: A wealth preference approach
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (5)
   Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2022)
5. Economic stimulus effects of product innovation under demand stagnation
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
6. Environmental Policies and Stagnation in a Two-Country Economy
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
   Also in CESifo Working Paper Series, CESifo (2023)
   See also Journal Article Environmental policies and stagnation in a two-country economy, Economic Modelling, Elsevier (2024) (2024)
7. Structural unemployment, underemployment, and secular stagnation
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (11)
   Also in VfS Annual Conference 2022 (Basel): Big Data in Economics, Verein für Socialpolitik / German Economic Association (2022)
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2022)
   CESifo Working Paper Series, CESifo (2020) View citations (1)
   See also Journal Article Structural unemployment, underemployment, and secular stagnation, Journal of Economic Theory, Elsevier (2023) View citations (11) (2023)
8. The Preference for Wealth and Inequality: Towards a Piketty Theory of Wealth Inequality
   Working Papers, Center for Research in Economics and Statistics View citations (4)
   Also in CESifo Working Paper Series, CESifo (2023) View citations (2)
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2023) View citations (2)

2020

9. Environmental policies in a stagnant economy
   ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
   See also Journal Article Environmental policies in a stagnant economy, Economic Modelling, Elsevier (2021) View citations (5) (2021)
10. Financial Crisis and Slow Recovery with Bayesian Learning Agents
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    See also Journal Article Financial crisis and slow recovery with Bayesian learning agents, International Journal of Economic Theory, The International Society for Economic Theory (2022) View citations (1) (2022)

2019

11. A simple aggregate demand analysis with dynamic optimization in a small open economy
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    See also Journal Article A simple aggregate demand analysis with dynamic optimization in a small open economy, Economic Modelling, Elsevier (2020) View citations (11) (2020)

2018

12. Regional subsidies and interregional labor movement
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    See also Journal Article Regional subsidies and interregional labor movement, The Annals of Regional Science, Springer (2021) (2021)
13. Wealth Preference and Rational Bubbles
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (7)
    Also in CESifo Working Paper Series, CESifo (2018) View citations (9)
    See also Journal Article Wealth preference and rational bubbles, European Economic Review, Elsevier (2023) View citations (4) (2023)

2017

14. Asset Prices and Leverage in a Model of Persistent Stagnation
    VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking, Verein für Socialpolitik / German Economic Association
15. Corporate Tax Competition in the Presence of Unemployment
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
16. Country Size, Specialization Patterns and Secular Demand Stagnation
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    Also in CESifo Working Paper Series, CESifo (2017)
17. Credit Booms, Debt Overhang and Secular Stagnation
    CESifo Working Paper Series, CESifo View citations (3)
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2017) View citations (1)
    See also Journal Article Credit booms, debt overhang and secular stagnation, European Economic Review, Elsevier (2018) View citations (29) (2018)
18. Macroeconomic interdependence between a stagnant and a fully employed country
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)
    See also Journal Article Macroeconomic Interdependence Between a Stagnant and a Fully Employed Country, The Japanese Economic Review, Japanese Economic Association (2018) View citations (8) (2018)

2016

19. The Welfare Effects of Attracting Foreign Direct Investment in the Presence of Unemployment
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka

2015

20. Fiscal Policy under Long-run Stagnation: A New Interpretation of the Multiplier Effect
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
21. Growth, Secular Stagnation and Wealth Preference
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (7)

2014

22. Difference or Ratio: Implication of Status Preference on Stagnation
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (3)
    See also Journal Article Difference or Ratio: Implications of Status Preference on Stagnation, Australian Economic Papers, Wiley Blackwell (2018) View citations (19) (2018)
23. Exchange-Rate Adjustment and Macroeconomic Interdependence between Stagnant and Fully Employed Countries
    CESifo Working Paper Series, CESifo

2013

24. Tariffs versus Production Subsidies as Industry Protection
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka

2010

25. A Reinterpretation of the Keynesian Consumption Function and Multiplier Effect
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (3)
26. Public Debt Places No Burden on Future Generations under Demand Shortage
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)

2009

27. Information Cycles and Depression in a Stochastic Money-in-Utility Model
    MPRA Paper, University Library of Munich, Germany
28. Nominal Wage Adjustment, Demand Shortage and Economic Policy
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)
29. The Keynesian Multiplier Effect Reconsidered
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    See also Journal Article The Keynesian Multiplier Effect Reconsidered, Journal of Money, Credit and Banking, Blackwell Publishing (2011) View citations (2) (2011)
30. Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (2)
    See also Journal Article ZERO NOMINAL INTEREST RATES, UNEMPLOYMENT, EXCESS RESERVES AND DEFLATION IN A LIQUIDITY TRAP, Metroeconomica, Wiley Blackwell (2012) View citations (12) (2012)

2008

31. Determinacy of Equilibrium under Various Phillips Curves
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
32. Growth, Stagnation and Status Preference
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)
    See also Journal Article GROWTH, STAGNATION AND STATUS PREFERENCE, Metroeconomica, Wiley Blackwell (2011) View citations (17) (2011)

2007

33. Does Pro-population Policy Raise Per Capita Consumption?
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    See also Journal Article DOES PRO‐POPULATION POLICY RAISE PER CAPITA CONSUMPTION?, The Japanese Economic Review, Japanese Economic Association (2011) View citations (9) (2011)

2006

34. Capital Income Taxation and Specialization Patterns: Investment Tax vs. Saving Tax
    KIER Working Papers, Kyoto University, Institute of Economic Research
    Also in ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka (2006)
35. Fallacy of the Multiplier Effect: Correcting the Income Analysis
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)
36. Learning, Inflation Cycles, and Depression
    Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics
37. Protective Trade Policies 'Reduce' Employment: A Dynamic Optimization Approach
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
38. The Byrd Amendment as Facilitating a Tacit International Business Collusion
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
    See also Journal Article The Byrd Amendment as Facilitating a Tacit International Business Collusion, Review of International Economics, Wiley Blackwell (2011) (2011)

2005

39. Financial Crisis and Recovery: Learning-based Liquidity Preference Fluctuations
    Macroeconomics, University Library of Munich, Germany View citations (1)

2004

40. Learning, Liquidity Preference, and Business Cycle
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)

2003

41. Time Patience Does Not Lead to a Capital-intensive Nation
    KIER Working Papers, Kyoto University, Institute of Economic Research View citations (1)

2001

42. Growth or Stagnation: Economic Consequences of Status Preference
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka
43. International Spillover of Economic Fluctuations:A Dynamic Optimization Approach
    ISER Discussion Paper, Institute of Social and Economic Research, The University of Osaka View citations (1)

2000

44. Protecting the environment in the presence of foreign direct investment: tax versus quantity restriction
    Economics Discussion Papers, University of Essex, Department of Economics View citations (2)

1994

45. Asymmetric Oligopoly, International Trade, and Welfare: Synthesis
    Economics Discussion Papers, University of Essex, Department of Economics
    See also Journal Article Asymmetric oligopoly, international trade, and welfare: a synthesis, Journal of Economics, Springer (1997) View citations (27) (1997)

1992

46. Tariff Wars, Retaliation and Managed Trade
    Boston University - Institute for Economic Development, Boston University, Institute for Economic Development View citations (1)

1981

47. Profitability of Export Restraint (Now published in Journal of International Economics, vol.16 (1984), pp. 335-343.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1980

48. The Kinked Demand Curve - A Theoretical Approach
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

Undated

49. Market Segmentation and Effective Demand Shortage in a World with Dynamic Optimization
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics

Journal Articles

2024

1. Environmental policies and stagnation in a two-country economy
   Economic Modelling, 2024, 141, (C)
   See also Working Paper Environmental Policies and Stagnation in a Two-Country Economy, ISER Discussion Paper (2023) (2023)

2023

2. Structural unemployment, underemployment, and secular stagnation
   Journal of Economic Theory, 2023, 209, (C) View citations (11)
   See also Working Paper Structural unemployment, underemployment, and secular stagnation, ISER Discussion Paper (2023) View citations (11) (2023)
3. Wealth preference and rational bubbles
   European Economic Review, 2023, 156, (C) View citations (4)
   See also Working Paper Wealth Preference and Rational Bubbles, ISER Discussion Paper (2018) View citations (7) (2018)

2022

4. Financial crisis and slow recovery with Bayesian learning agents
   International Journal of Economic Theory, 2022, 18, (4), 578-606 View citations (1)
   See also Working Paper Financial Crisis and Slow Recovery with Bayesian Learning Agents, ISER Discussion Paper (2020) (2020)

2021

5. Environmental policies in a stagnant economy
   Economic Modelling, 2021, 102, (C) View citations (5)
   See also Working Paper Environmental policies in a stagnant economy, ISER Discussion Paper (2020) (2020)
6. Regional subsidies and interregional labor movement
   The Annals of Regional Science, 2021, 66, (3), 557-577
   See also Working Paper Regional subsidies and interregional labor movement, ISER Discussion Paper (2018) (2018)

2020

7. A simple aggregate demand analysis with dynamic optimization in a small open economy
   Economic Modelling, 2020, 91, (C), 89-99 View citations (11)
   See also Working Paper A simple aggregate demand analysis with dynamic optimization in a small open economy, ISER Discussion Paper (2019) (2019)

2019

8. Japanese Economy: Two Lost Decades and How Many More?
   Intereconomics: Review of European Economic Policy, 2019, 54, (5), 291-296 View citations (2)

2018

9. Credit booms, debt overhang and secular stagnation
   European Economic Review, 2018, 108, (C), 78-104 View citations (29)
   See also Working Paper Credit Booms, Debt Overhang and Secular Stagnation, CESifo Working Paper Series (2017) View citations (3) (2017)
10. Difference or Ratio: Implications of Status Preference on Stagnation
    Australian Economic Papers, 2018, 57, (3), 346-362 View citations (19)
    See also Working Paper Difference or Ratio: Implication of Status Preference on Stagnation, ISER Discussion Paper (2014) View citations (3) (2014)
11. Macroeconomic Interdependence Between a Stagnant and a Fully Employed Country
    The Japanese Economic Review, 2018, 69, (4), 450-477 View citations (8)
    Also in The Japanese Economic Review, 2018, 69, (4), 450-477 (2018) View citations (8)
    See also Working Paper Macroeconomic interdependence between a stagnant and a fully employed country, ISER Discussion Paper (2017) View citations (1) (2017)

2015

12. Fiscal policy under deflationary gap and long-run stagnation: Reinterpretation of Keynesian multipliers
    Economic Modelling, 2015, 51, (C), 596-603 View citations (7)
13. Partial Replacement of Protective Tariffs by Production Subsidies and Welfare
    The Economic Record, 2015, 91, (294), 300-308 View citations (1)
14. Pollution, foreign direct investment, and welfare
    Research in Economics, 2015, 69, (2), 238-247 View citations (8)

2014

15. International Economic Interdependence and Exchange-rate Adjustment under Persistent Stagnation
    The Japanese Economic Review, 2014, 65, (1), 70-92 View citations (12)
16. On Persistent Demand Shortages: A Behavioural Approach
    The Japanese Economic Review, 2014, 65, (1), 42-69 View citations (38)

2012

17. ZERO NOMINAL INTEREST RATES, UNEMPLOYMENT, EXCESS RESERVES AND DEFLATION IN A LIQUIDITY TRAP
    Metroeconomica, 2012, 63, (2), 335-357 View citations (12)
    See also Working Paper Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap, ISER Discussion Paper (2009) View citations (2) (2009)

2011

18. AN OLIGOPOLISTIC HECKSCHER–OHLIN MODEL OF FOREIGN DIRECT INVESTMENT
    The Japanese Economic Review, 2011, 62, (3), 331-347 View citations (4)
19. DOES PRO‐POPULATION POLICY RAISE PER CAPITA CONSUMPTION?
    The Japanese Economic Review, 2011, 62, (2), 151-169 View citations (9)
    See also Working Paper Does Pro-population Policy Raise Per Capita Consumption?, ISER Discussion Paper (2007) (2007)
20. GROWTH, STAGNATION AND STATUS PREFERENCE
    Metroeconomica, 2011, 62, (1), 122-149 View citations (17)
    See also Working Paper Growth, Stagnation and Status Preference, ISER Discussion Paper (2008) View citations (1) (2008)
21. The Byrd Amendment as Facilitating a Tacit International Business Collusion
    Review of International Economics, 2011, 19, (5), 877-893
    See also Working Paper The Byrd Amendment as Facilitating a Tacit International Business Collusion, ISER Discussion Paper (2006) (2006)
22. The Keynesian Multiplier Effect Reconsidered
    Journal of Money, Credit and Banking, 2011, 43, (4), 787-794 View citations (2)
    Also in Journal of Money, Credit and Banking, 2011, 43, (4), 787-794 (2011) View citations (8)
    See also Working Paper The Keynesian Multiplier Effect Reconsidered, ISER Discussion Paper (2009) (2009)

2010

23. Time Patience and Specialization Patterns in the Presence of Asset Trade
    Journal of Money, Credit and Banking, 2010, 42, (1), 93-112 View citations (3)
    Also in Journal of Money, Credit and Banking, 2010, 42, (1), 93-112 (2010) View citations (9)

2008

24. International Asset Trade, Capital Income Taxation, and Specialization Patterns
    Journal of Public Economic Theory, 2008, 10, (5), 743-763 View citations (2)

2007

25. Relative Emission Standard versus Tax under Oligopoly: The Role of Free Entry
    Journal of Economics, 2007, 91, (2), 107-128 View citations (64)

2006

26. INTERNATIONAL ASYMMETRY IN BUSINESS ACTIVITY AND APPRECIATION OF A STAGNANT COUNTRY'S CURRENCY*
    The Japanese Economic Review, 2006, 57, (1), 101-120 View citations (25)
27. Long‐run Specialization*
    Review of International Economics, 2006, 14, (1), 1-15 View citations (12)

2005

28. Fiscal Spending, Relative‐Price Dynamics, and Welfare in a World Economy*
    Review of International Economics, 2005, 13, (2), 216-236 View citations (15)

2004

29. THE LIQUIDITY TRAP AND PERSISTENT UNEMPLOYMENT WITH DYNAMIC OPTIMIZING AGENTS: EMPIRICAL EVIDENCE
    The Japanese Economic Review, 2004, 55, (4), 355-371 View citations (33)

2001

30. A Reinterpretation of Chapter 17 of Keynes's General Theory: Effective Demand Shortage under Dynamic Optimization
    International Economic Review, 2001, 42, (1), 207-36 View citations (61)
31. Government spending, interest rates, and capital accumulation in a two-sector model
    Canadian Journal of Economics, 2001, 34, (4), 903-920 View citations (2)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2001, 34, (4), 903-920 (2001)

1999

32. Optimal Tariffs in the Presence of Middlemen
    Canadian Journal of Economics, 1999, 32, (1), 55-70 View citations (11)
33. R&D Subsidies Under Asymmetric Duopoly: A Note
    The Japanese Economic Review, 1999, 50, (1), 104-111 View citations (22)

1998

34. Foreign Direct Investment, Local Content Requirement, and Profit Taxation
    Economic Journal, 1998, 108, (447), 444-57 View citations (58)
35. Tax policy on foreign direct investment in the presence of cross-hauling
    Review of World Economics (Weltwirtschaftliches Archiv), 1998, 134, (2), 263-279 View citations (4)

1997

36. Asymmetric oligopoly, international trade, and welfare: a synthesis
    Journal of Economics, 1997, 65, (3), 291-310 View citations (27)
    See also Working Paper Asymmetric Oligopoly, International Trade, and Welfare: Synthesis, Economics Discussion Papers (1994) (1994)

1996

37. Fiscal policy, wealth divergence, and lifetime utility
    Journal of Economics, 1996, 64, (3), 265-280 View citations (1)
38. Stagnation Steady States and the Output‐Inflation Tradeoff
    Economic Review, 1996, 47, (1), 16-26
39. Stagnation Steady States and the Output‐Inflation Tradeoff―A Reply―
    Economic Review, 1996, 47, (1), 84-86

1995

40. The Role of Free Entry in an Oligopolistic Heckscher-Ohlin Model
    International Economic Review, 1995, 36, (3), 609-24 View citations (31)

1994

41. Industrial policy and national welfare in the presence of monopoly
    Japan and the World Economy, 1994, 6, (1), 61-73 View citations (1)

1992

42. Macroeconomic Dynamics in a Multi-country Economy: A Dynamic Optimization Approach
    International Economic Review, 1992, 33, (3), 629-44 View citations (33)
43. Spill-over effects of supply-side changes in a two-country economy with capital accumulation
    Journal of International Economics, 1992, 33, (1-2), 127-146 View citations (18)

1991

44. ORDERLY MARKETING ARRANGEMENT IN THE CONTEXT OF THE GATT REGIME*
    Economics and Politics, 1991, 3, (2), 151-162 View citations (1)

1990

45. Foreign penetration and national welfare under oligopoly
    Japan and the World Economy, 1990, 2, (2), 141-154 View citations (23)

1989

46. Terms of Trade and Welfare: A General Analysis
    The Economic Record, 1989, 65, (1), 27-31 View citations (2)

1988

47. Helping Minor Firms Reduces Welfare
    Economic Journal, 1988, 98, (393), 1199-1202 View citations (187)

1984

48. International Operations and Controls over Foreign Ownership
    Economic Review, 1984, 35, (1), 22-30
49. Profitability of export restraint
    Journal of International Economics, 1984, 16, (3-4), 335-343 View citations (4)
50. Tariffs vs. quotas under duopoly of heterogeneous goods
    Journal of International Economics, 1984, 17, (3-4), 359-373 View citations (16)

1982

51. Tariffs, Quotas, and Market Structure
    The Quarterly Journal of Economics, 1982, 97, (2), 295-305 View citations (19)

Books

2007

1. Trade and Industrial Policy under International Oligopoly
   Cambridge Books, Cambridge University Press View citations (2)
   Also in Cambridge Books, Cambridge University Press (2003) View citations (2)

Chapters

2010

1. Trade Policy, Exchange Rate Adjustment and Unemployment
   Chapter 7 in Globalization and Economic Integration, 2010

2008

2. Chapter 19 The Effect of New Environment on Foreign Direct Investment in an Oligopolistic Heckscher–Ohlin Model
   A chapter in Contemporary and Emerging Issues in Trade Theory and Policy, 2008, pp 367-377

2006

3. Chapter 10 International Transfer under Stagnation
   A chapter in Theory and Practice of Foreign Aid, 2006, pp 155-171

1994

4. Tariffs, Quotas, and Inventory Adjustment
   A chapter in Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, 1994, pp 273-293